The property at 50 Avenue V, Brooklyn, is a 3-unit multi-family home with an estimated rent potential of $9,300 to $11,985 monthly based on comparable market data. This equates to an annual revenue range of $111,600 to $143,820. Given Brooklyn's robust rental market and a median rent of $3,995, the payback period could be favorable with stable tenant occupancy. The neighborhood, Gravesend, is experiencing moderate growth with a 7.9% rise in inventory, which helps balance demand. Key challenges include older construction (built in 1920) and potential renovation needs to attract premium rents, yet zoning (R5) allows flexibility for residential use.
To maximize rental income, consider minor renovations such as modernizing interiors and adding desirable amenities like in-unit laundry or updated kitchens. If selling is an option, marketing the property as a high-potential investment in a competitive rental market with stable demand could attract buyers. Highlight the property’s location in Brooklyn and its proximity to transportation and services.
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Multi-Family Homewith3 units.
Explore detailed rental comps for each of the available unit configurations:
Current Specs
3 Bed / 1 Bath
1,292 sqft
Multi-Family
Triplex layout
1920 construction
Southern Brooklyn location
Multi-family zoning
2-story building
Rent Comps
$2,800
$3,500
$5,500
LOW
MEDIAN
HIGH
Most similar comps
These are the comps most similar in size, bed-bath count, and location.
17 Listings
3 Bed / 1-1.5 Bath
1,000 - 1,500 sqft
Within 6.9 mi
Avg. Monthly Rent$3,573
High-end comps
These are the highest-priced comps in the market. They demonstrate the price range for renovated homes with new finishes and modern appliances.